Answer:
b. a 13.33 percent increase in the price of the good
Explanation:
We can write the price elasticity of demand as:
We have to guess which event produces a 10% drop in the quantity demanded (dQ/Q=-0.10).
Knowing the concept of elasticity, this can be produced by a price increase.
The amount of this increase can be estimated knowing the value of the PED (price elasticity of the demand).
Then, what causes the 10% drop in the demanded quantity is a 13.33% price increase.
Answer: Broker
Explanation: An insurance broker is a person or group of persons who have the legal authority to trade or manage insurance policy of his or her clients. A broker advices the policy holder on necessary actions to take.
Under the California code insurance brokers are not permitted for life and health insurance policy.
An insurance broker is acting as a third party to his or her clients.
Oxidation<span> is a </span>loss<span> of </span><span>electrons.</span>
Answer:
Scrum
Explanation:
Agile practices are used in the software development industry to solutions through collaboration between cross functional teams along with input from the customer.
This ensures that quality product is delivered in a timely manner.
We have two major methodologies in agile practice: scrum and Kanban.
Kannan is where a board is used that shows visually 3 items: to do, doing, and done. This drives the team to know where they are and what is coming next.
Scrum involves dividing the project into sprints and focusing on managing one sprint at a time. There is position for scrum master and product owner.
The given scenario where the team decides to work in a series of sprints, with brief daily meetings to ensure all team members collaborate effectively, is a scrum approach
a) The school of management that the Management of XYZ Company Limited is applying is called <em>Mathematical or Quantitative School of Management.</em>
The Mathematical or Quantitative School of Management:
- Expresses management problems in equations, mathematical symbols, and quantitative models
- Encourages wide application of computer technology, simulations, and analytics
- Introduces precision to management thinking and practice
b) The Contingency School, unlike the Mathematical School of Management:
- Recognizes that not all management processes can be expressed with mathematical symbols and formulas.
- Identifies that mathematical models cannot replace sound judgment, which requires intuition and not equation.
- States that there is no single technique to solving management problems.
- Encourages managers to use any feasible management technique to solve problems, thereby thinking outside the box.
- Emphasizes that the applications of management principles and practices (process, behavioral, quantitative, and systems) should be contingent upon the prevailing circumstances.
Thus, with Contingency School, the tools of management thinking and practice should be applied based on prevailing situations and not mathematically with equations, models, and symbols.
Learn more about another School of Management Thought here: brainly.com/question/15557968
